Tuition Assistance Can Raise Education Attainment
Summary
Currently World Economic Forum ranks the US 13th in the percentage of 25-34 year-olds with tertiary education, including “short-cycle,” bachelor, masters or doctoral degrees or their equivalent. Working age adults that have some higher education but haven’t completed their degrees are some of the people that can move the US closer to meeting Lumina Foundation’s Goal 2025. “This will be critical as more people seek to return to higher education repeatedly during their careers, compelled by the imperative to stay ahead of relentless technological change,” says Joseph E. Aoun, president of Northeastern University. If they have resources to enroll each semester it will build momentum and shorten the path to higher education attainment and elevated contributions to their employer. The increase in attainment is moving in the right direction, but the large differences between racial groups show that many people are acquiring the education that will improve their job potential and their employers’ productivity.